Automatic Number Plate Recognition (ANPR) System Market

Global Automatic Number Plate Recognition (ANPR) System Market Size (2024 to 2029):

The global automatic number plate recognition (anpr) system market is expected to reach USD  worth US$ 3.82 billion in 2024 and reach USD 5.93 billion by 2029, growing at a CAGR of 9.19% from 2024 to 2029.

Global Automatic Number Plate Recognition (ANPR) System Market Overview:

Automatic number plate recognition is a device that captures the image of a car and identifies the registration number. It is used in mass surveillance. Law enforcement organizations have increased their demand for these systems as the incidence of vehicle thefts has increased. Furthermore, the industry is being driven by increased concerns about the use of these vehicles for crimes such as kidnapping and robbery. ANPR uses object detection and recognition (OCR) technology to identify license plates on vehicles in real time. Various recognition systems, such as closed-circuit video and cameras, as well as character recognition, are employed to identify license plates. Automated toll tax collection, car theft, traffic control, and border crossings have all benefited from automatic number plate recognition systems.

More automation is being introduced as a result of technological improvements in the vehicle industry. Automatic number plate recognition helps in the detection of vehicles. It is beneficial in terms of security. These are best-in-class solutions that are well-liked by clients. Many people today are breaking traffic laws. It is causing a lot of traffic accidents. The investment in automatic number plate recognition was made for these reasons. The widespread deployment of technologies on the road has resulted in strong market demand. Automatic number plate recognition data is used for a variety of purposes. There is speed control, which allows for good traffic management and the prevention of road accidents. When using these devices on the road, there is plenty of safety.

Global Automatic Number Plate Recognition (ANPR) System Market Drivers:

The increasing use of monitoring technologies on roads is a major market driver. On the streets, the use of automatic number plate recognition is increasing. The deployment of these devices is motivated by escalating terror, unlawful, fraudulent, and criminal activities. The number of instances involving car settlements is on the rise today.

These stolen vehicles are being used for criminal purposes. Surveillance technologies are used to prevent crimes such as toll fraud and to check for expired insurance policies. The automatic number plate recognition market can be used to compile a list of automobiles that are linked to crimes. Countries like as the United States and the United Kingdom have made significant expenditures in ANPR systems. In this region, security and traffic enforcement are becoming increasingly important.

In the predicted period, these countries will have a lot more demand. Another market driver is the advancement of technology in ANPR systems. In recent years, these systems have undergone numerous changes. Other elements driving demand include the introduction of surveillance cameras, sensors, and alarms. All of these factors are causing the automatic number plate recognition market to grow.

Global Automatic Number Plate Recognition (ANPR) System Market Restraints:

The automatic number plate recognition market is hampered by a lack of consistency in plate designs. Number plates have a lot of uses. These plates are available in a variety of colors, patterns, and sizes. The design of number plates varies greatly around the world. Because of these circumstances, automatic number plate recognition has a difficult time reading the numbers. If the number plate is different, detecting the vehicle can be difficult. The systems are unable to read the number accurately due to typeface variances. Number plate inconsistency might be a concern for the market. All of these limitations will have a negative impact on progress.

The ANPR is a camera and software-based technology. This technology, like any other system, has the potential to misunderstand data. The system's camera catches images of passing automobiles. It is feasible to determine the correct vehicle number and origin using the camera image. The system may occasionally misread the image. Demand is dwindling as a result of all of these industry issues. These factors have an impact on the market's growth. Another factor limiting the growth of the automatic number plate recognition business is a lack of awareness. All of these issues have the potential to reduce overall revenue.

REPORT COVERAGE:

This research report on the global automatic number plate recognition system market is segmented and sub-segmented into the following categories.

Global Automatic Number Plate Recognition (ANPR) System Market - By Type:

• Fixed Systems
• Portable Systems

Fixed Systems are expected to have the dominant share in the global automatic number plate recognition (ANPR) system market during the forecast period. Security forces prefer fixed systems because they can be customised for every application and have individual equipment that can be adjusted for multi-lane coverage. Fixed systems' advantages, including ongoing surveillance in high-traffic areas, are propelling the segment's expansion. Furthermore, fixed systems allow for real-time enforcement of toll violators, which contributes to market expansion.

Global Automatic Number Plate Recognition (ANPR) System Market - By Component:

• Hardware
• Software

Hardware Systems are expected to have the dominant share in the global automatic number plate recognition (ANPR) system market during the forecast period. The rise of the hardware market is likely to be fuelled by the Internet of Things, which has enabled the rapid integration of hardware amongst itself and into cloud-based software solutions. The expansion of the hardware market is being accelerated by rising demand for ANPR cameras for integration with aircraft, patrolling vehicles, and Unmanned Aerial Vehicles (UAVs). The performance of automatic number plate recognition technology has been greatly improved thanks to advancements in Digital Signal Processors (DSPs) and Field Programmable Gate Arrays (FPGAs).

Global Automatic Number Plate Recognition (ANPR) System Market - By Application:

• Traffic Management
• Security and Surveillance

Traffic management is expected to have the dominant share in the global automatic number plate recognition (ANPR) system market during the forecast period. Through the sharing of information, automatic number plate recognition equipment aids in the improvement of traffic flow. The integration of the ANPR network with vehicle communication equipment such as global positioning systems (GPS), Global navigation satellite systems (GNSS), and vehicle-to-vehicle networks is a priority for a number of automobile manufacturers. These systems also provide data on traffic counts, journey speeds, and origin-destination, which is fuelling the segment's expansion.

Global Automatic Number Plate Recognition (ANPR) System Market - By End-User:

• Government
• Commercial

The government is expected to have the dominant share in the global automatic number plate Recognition (ANPR) system market during the forecast period. The growth in car crimes such as hit-and-runs, robberies, and heinous attacks has prompted the government and public safety organizations to employ innovative technologies to combat these crimes. At many levels, automatic number plate recognition technology is employed to deter and disrupt criminal activity. This mostly entails tracking organized crime groups, terrorist movements, and criminal travel.

Global Automatic Number Plate Recognition (ANPR) System Market – By region: 

• North America
• Europe
• Asia-pacific
• Middle-east and Africa
• Latin America

North America is expected to have the dominant share in the global automatic number plate recognition (ANPR) system market during the forecast period. As a result of the fast digitalization of traffic monitoring devices on highways, bridges, and tunnels Over the forecast period, an IoT-enabled solution for configuring automatic number plate recognition equipment with a traffic monitoring device will gain a lot of popularity.

Asia-Pacific is expected to see rapid growth in the global automatic number plate recognition (ANPR) system market during the forecast period. In nations like China, Vietnam, Indonesia, and South Korea, ANPR systems are rapidly being used for traffic management, enforcement, and parking laws. Furthermore, the fast growth of smart cities is driving up demand for this technology. The market for portable automatic number plate recognition systems is likely to rise as these economies place a greater emphasis on highway patrolling.

Europe is expected to see steady growth in the global automatic number plate recognition (ANPR) system market during the forecast period. The government's efforts to improve road safety are increasing. Because of these factors, the ANPR is becoming more widely used. This region has a high level of transportation efficiency.

KEY MARKET PLAYERS:

ARH, Inc., Bosch Security Systems, Inc., Digital Recognition Systems, Ltd., ELSAG North America LLC, Genetec, Inc., NDI Recognition Systems LLC, Q-Free ASA, Siemens AG., Vaxtor Technologies. Some of the market players dominate the automatic number plate recognition market.

RECENT DEVELOPMENTS IN THE MARKET:

• Apcoa's Access and Pay system uses automated number plate recognition (ANPR) technology to allow drivers to make contactless parking payments from their automobiles in 1.5 million spaces across Europe.